Geode Capital Management LLC Has $5.24 Million Stock Holdings in City Office REIT, Inc. (NYSE:CIO)

Geode Capital Management LLC reduced its position in City Office REIT, Inc. (NYSE:CIO - Free Report) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 949,556 shares of the real estate investment trust's stock after selling 77,372 shares during the quarter. Geode Capital Management LLC owned about 2.37% of City Office REIT worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of City Office REIT in the 4th quarter worth about $104,000. Intech Investment Management LLC bought a new position in shares of City Office REIT in the fourth quarter worth $105,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of City Office REIT in the 4th quarter worth approximately $108,000. EMC Capital Management increased its position in shares of City Office REIT by 688.0% during the 4th quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 18,515 shares during the period. Finally, Jane Street Group LLC raised its position in City Office REIT by 40.0% in the third quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust's stock worth $321,000 after acquiring an additional 15,704 shares in the last quarter. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

City Office REIT Trading Up 1.4 %

NYSE CIO traded up $0.07 on Thursday, hitting $5.15. 15,809 shares of the company were exchanged, compared to its average volume of 198,745. City Office REIT, Inc. has a twelve month low of $4.19 and a twelve month high of $6.50. The company's 50 day moving average price is $4.96 and its 200-day moving average price is $5.21. The firm has a market capitalization of $207.84 million, a P/E ratio of -8.31, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42.

City Office REIT (NYSE:CIO - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.40. The firm had revenue of $41.92 million during the quarter, compared to analyst estimates of $42.79 million. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. Analysts predict that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.

City Office REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date was Thursday, April 10th. City Office REIT's dividend payout ratio (DPR) is currently -64.52%.

About City Office REIT

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S.